What to Expect When Morgan Stanley Reports
Morgan Stanley is scheduled to release its second-quarter financial results before the markets open on Wednesday.
Morgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets open on Wednesday. Thomson Reuters consensus estimates call for $1.11 in earnings per share (EPS) on $10.1 billion in revenue. The same period of last year reportedly had $0.87 in EPS and $9.5 billion in revenue.
In the first quarter, Morgan Stanley reported a record profit, helped by a lower tax bill and a boost in revenue from the previous quarter’s volatile markets. At the same time, book value and tangible book value per common share were $39.19 and $34.04, respectively.
James P. Gorman, board chair and chief executive, commented in the prior report:
We delivered very strong results this quarter, with record revenues and net income – and an ROE above our target range. Each of our businesses performed well, with significant client engagement across our global franchise, and Sales and Trading a particular highlight in a more active environment.
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Over the past 52 weeks, Morgan Stanley has underperformed the broad markets, with its stock up about 8%. In 2018 alone, the stock is down 7%.
A few analysts weighed in on Morgan Stanley before the report:
- Sandler O’Neill has a Hold rating and a $51 price target.
- CFRA has a Buy rating with a $65 price target.
- JPMorgan has a Buy rating with a $60 target price.
- Barclays has an Equal Weight rating with a $63 price target.
- Credit Suisse has an Outperform rating with a $62 target.
Shares of Morgan Stanley were last seen trading at $49.02, with a consensus analyst price target of $59.68 and in a 52-week range of $43.84 to $59.38.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
